Crypto Market To See More Slump in Coming Months, But There's A Catch !

Arrow

On Thursday, Bitcoin announced the end of one of its worst quarterly periods ever, losing 60% between April and June. 

By Friday, the coin's value had dropped by 70% from its peak in November last week. 

Assets under management for cryptocurrency investment products also hit a new low in June, with ETFs seeing the worst declines, falling by more than 50% to $1.3 billion.

Pantera Capital’s Dan Morehead hints for “major meltdowns” in the coming months while the other say it may not go much lower in the near term.